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Oreo Maker Mondelez Wants To Spend Its Coffee Money On Healthy Snacks
Monday, September 21, 2020 - 3:56am | 447Read More...Multinational food giant Mondelez International Inc (NASDAQ: MDLZ) is looking to buy brands that produce snacks thought to be healthy, the Financial Times reported Sunday. What Happened: The maker of sugary snacks such as Oreo Cookies and Cadbury chocolates is redoubling its efforts...
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What Irene Rosenfeld Accomplished At Mondelez
Wednesday, August 2, 2017 - 2:10pm | 488Read More...Irene Rosenfeld's tenure as CEO of Mondelez International Inc (NASDAQ: MDLZ) has come to an end. The executive confirmed Wednesday she will step down as CEO in November and will give up her board of director seat next year. Rosenfeld was instrumental in Kraft's 2010 acquisition of UK-based Cadbury...
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Myth: Sales Of Snacks Rise In Uncertain Times
Wednesday, February 8, 2017 - 2:51pm | 400Read More...Sales of snacks and junk food tend to rise during times of uncertainty, right? According to one of the world's largest snack makers, this is not the case at all. According to CNNMoney, Mondelez International Inc (NASDAQ: MDLZ), the parent company behind Oreo and Cadbury snacks, said during its...
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Cadbury Not Having A Very Happy Easter
Sunday, March 27, 2016 - 1:22pm | 381Read More...Those delicious Cadbury eggs you eat have become an Easter tradition. They've also become a headache for the company and its social media team. The @CadburyUK profile has been busy responding to backlash against the company removing "Easter" from the front of its candies packaging...
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#CremeEggGate Puts A Dent In Cadbury
Thursday, January 15, 2015 - 4:07pm | 278Read More...British distaste for Kraft Foods Group Inc (NASDAQ: KRFT) bubbled to the surface this week after Cadbury announced that it was changing the recipe for the chocolate used to coat Cadbury Creme Eggs in the UK. In 2010, the American food company took over the U.K.-based chocolatier,...
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What The Market's Reading: 'Threats In 140 Characters Or Less'
Tuesday, January 13, 2015 - 8:58pm | 569Read More...Threats In 140 Characters Or Less The U.S. military suffered a hacking attack on its Twitter Inc (NYSE: TWTR) and YouTube accounts on Monday, January 12, further highlighting the growing threat of cyber attacks as a form of terrorism. The hacking group claimed to be a supporter of ISIS and...
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Hershey Earnings Preview: Solid EPS and Revenue Growth Expected
Tuesday, July 24, 2012 - 4:56pm | 512Read More...Hershey (NYSE: HSY), the iconic chocolate maker, is scheduled to report second-quarter 2012 results Thursday, July 26, before the U.S. markets open. Investors are hoping it can build on four-straight quarters of revenue increases. Expectations Analysts on average predict that Hershey will report...
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Making Easter Sweeter: Chocolate on the Rise
Tuesday, April 3, 2012 - 2:48pm | 503Read More...Bags of jellybeans lining the grocery store aisles can only signify one thing: Easter is a comin'. And while the springtime equivalent to Halloween boasts brightly colored eggs and lots of gelatinous candy, the signature confection of the holiday tends to be chocolate. From large bunnies waiting...
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Standard & Poor's Downgrades Kraft (KFT) Credit Rating
Wednesday, February 3, 2010 - 12:13pm | 78Read More...Standard & Poor's announced on Wednesday that it lowered its corporate credit rating of Kraft Foods Inc. (NYSE: KFT) from A- to BBB due to Kraft's planned takeover of Cadbury plc (NYSE: CBY). However, Standard & Poor's also said that the outlook for both companies is good and that it...
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Ferrero International Officially Drops Out Of Cadbury Takeover Battle
Monday, January 25, 2010 - 6:50am | 123Read More...Italy's Ferrero International SA has officially declared itself out of the takeover battle for U.K. candymaker Cadbury PLC (NYSE: CBY). Ferrero made the announcement on the deadline for companies to submit firm offers. Following last week's announcement by the Hershey Co. (NYSE: HSY) that it would...
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Fitch Ratings Downgrades Kraft Issuer Default Rating
Wednesday, January 20, 2010 - 7:49am | 130Read More...Fitch Ratings reported that it has downgraded Kraft Foods' (NYSE: KFT) issuer default rating to BBB- from BBB following the company's deal to buy candy maker Cadbury (NYSE: CBY) for about $19.5 billion. Fitch said that Kraft's pro forma debt will initially be almost $32 billion, leading to a pro...
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Pershing Acquires 2% Of Kraft
Friday, January 15, 2010 - 6:22pm | 206Read More...Pershing Square Capital Management has taken a stake in Kraft Foods Inc. (NYSE: KFT) of about 2%. The purchase by the activist hedge fund firm run by Bill Ackman comes at a good time for Kraft, as it attempts a hostile takeover bid for the British candy maker Cadbury Plc. (NYSE: CBY). A person...
